RLTY vs. SPMO

Last updated Aug 4, 2026

RLTY (Cohen & Steers Real Estate Opportunities and Income Fund, Inc.) is a stock, while SPMO (Invesco S&P 500 Momentum ETF) is Momentum fund tracking the S&P 500 Momentum Index. RLTY is actively managed, while SPMO is passively managed. Over the past 3 years, RLTY returned 14.15%/yr vs 38.16%/yr for SPMO. Their 0.31 correlation means their historical movements had little consistent relationship. RLTY charges 4.55%/yr vs 0.13%/yr for SPMO.

Performance

RLTY vs. SPMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cohen & Steers Real Estate Opportunities and Income Fund, Inc. (RLTY) and Invesco S&P 500 Momentum ETF (SPMO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RLTY achieves a 13.62% return, which is significantly lower than SPMO's 22.35% return.

RLTY

• 1D: -0.06%
• 1M: 0.69%
• 6M: 11.49%
• YTD: 13.62%
• 1Y: 13.03%
• 3Y*: 14.15%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.43%

SPMO

• 1D: 1.06%
• 1M: -3.63%
• 6M: 21.38%
• YTD: 22.35%
• 1Y: 29.45%
• 3Y*: 38.16%
• 5Y*: 20.19%
• 10Y*: 19.70%
• ALL TIME*: 19.03%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
RLTY Cohen & Steers Real Estate Opportunities and Income Fund, Inc.	$918.60K	$984.37K	$876.70K
SPMO Invesco S&P 500 Momentum ETF	$336.15M	$337.86M	$350.15M

RLTY vs. SPMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
RLTY Cohen & Steers Real Estate Opportunities and Income Fund, Inc.	13.62%	8.56%	15.40%	14.05%	-28.45%
SPMO Invesco S&P 500 Momentum ETF	22.35%	26.58%	45.82%	17.56%	1.35%

Correlation

The correlation between RLTY and SPMO is 0.10, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.10
Correlation (3Y) Balances recent behavior with more history.	0.21
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022	0.31

Over the past year, the correlation between RLTY and SPMO has dropped to 0.10 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.

Return for Risk

RLTY vs. SPMO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RLTY

RLTY Risk / Return Rank: 71
RLTY Sharpe Ratio Rank: 76
RLTY Sortino Ratio Rank: 70
RLTY Omega Ratio Rank: 68
RLTY Calmar Ratio Rank: 69
RLTY Martin Ratio Rank: 74

SPMO

SPMO Risk / Return Rank: 51
SPMO Sharpe Ratio Rank: 50
SPMO Sortino Ratio Rank: 49
SPMO Omega Ratio Rank: 52
SPMO Calmar Ratio Rank: 51
SPMO Martin Ratio Rank: 56

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RLTY vs. SPMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers Real Estate Opportunities and Income Fund, Inc. (RLTY) and Invesco S&P 500 Momentum ETF (SPMO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	RLTY	SPMO	Difference
Sharpe ratio: Return per unit of total volatility	1.00	1.24	-0.24
Sortino ratio: Return per unit of downside risk	1.51	1.77	-0.27
Omega ratio: Gain probability vs. loss probability	1.18	1.24	-0.05
Calmar ratio: Return relative to maximum drawdown	1.15	1.89	-0.74
Martin ratio: Return relative to average drawdown	3.82	6.81	-2.99

RLTY vs. SPMO - Sharpe Ratio Comparison

The current RLTY Sharpe Ratio is 1.00, which is comparable to the SPMO Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of RLTY and SPMO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RLTY vs. SPMO - Drawdown Comparison

The maximum RLTY drawdown since its inception was -35.44%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for RLTY and SPMO.

Drawdown Indicators

	RLTY	SPMO	Difference
Max Drawdown Largest peak-to-trough decline	-35.44%	-30.95%	-4.49%
Max Drawdown (1Y) Largest decline over 1 year	-11.40%	-15.64%	+4.24%
Max Drawdown (3Y) Largest decline over 3 years	-20.81%	-20.13%	-0.68%
Max Drawdown (5Y) Largest decline over 5 years	—	-22.74%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-30.95%	—
Current Drawdown Current decline from peak	-1.97%	-10.09%	+8.12%
Average Drawdown Average peak-to-trough decline	-13.27%	-4.62%	-8.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.42%	4.33%	-0.91%

Volatility

RLTY vs. SPMO - Volatility Comparison

The current volatility for Cohen & Steers Real Estate Opportunities and Income Fund, Inc. (RLTY) is 3.25%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 10.26%. This indicates that RLTY experiences smaller price fluctuations and is considered to be less risky than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RLTY	SPMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.25%	10.26%	-7.01%
Volatility (6M) Calculated over the trailing 6-month period	10.39%	21.52%	-11.13%
Volatility (1Y) Calculated over the trailing 1-year period	13.08%	23.86%	-10.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.44%	20.61%	+1.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.44%	20.94%	+1.50%

RLTY vs. SPMO - Expense Ratio Comparison

RLTY has a 4.55% expense ratio, which is higher than SPMO's 0.13% expense ratio.

Dividends

RLTY vs. SPMO - Dividend Comparison

RLTY's dividend yield for the trailing twelve months is around 8.31%, more than SPMO's 0.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RLTY Cohen & Steers Real Estate Opportunities and Income Fund, Inc.	8.31%	8.98%	8.93%	9.18%	6.94%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPMO Invesco S&P 500 Momentum ETF	0.72%	0.73%	0.48%	1.63%	1.66%	0.52%	1.27%	1.39%	1.05%	0.77%	1.94%	0.36%

Frequently Asked Questions

Can I hold both RLTY and SPMO in my portfolio?

RLTY and SPMO have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RLTY or SPMO?

SPMO has higher volatility (10.26%) compared to RLTY (3.25%). In terms of maximum drawdown, RLTY dropped -35.44% vs SPMO's -30.95%.

Which has better risk-adjusted returns?

SPMO currently has the higher Sharpe Ratio (1.24 vs 1.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.